Reconova Technologies Successfully Lists on the Main Board of the Hong Kong Stock Exchange

Xiamen Reconova Technologies (07656.HK), a portfolio company of Puhua Capital, has successfully listed on the Main Board of the Hong Kong Stock Exchange, becoming the first listed "visual embodied intelligence" company in China. Its Hong Kong public offering was 3,646.06 times oversubscribed, and its international offering was 3.08 times oversubscribed. The "Xiaoyi" baggage transfer robot has been piloted at multiple airports and is planned for commercial deployment in 2026, with a wheeled dual-arm embodied intelligence robot planned for launch in 2027. The company's visual embodied intelligence products have been deployed at two-thirds of the country's airports with tens of millions of passengers.